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Ease of Doing Business in

Senegal

Senegal Download Profile (1734.6KB, pdf)
Region Sub-Saharan Africa
Income Category Low income
Population 15,129,273
GNI Per Capita (US$) 1,000
City covered Dakar

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 147 146 down
1
50.68 49.95 down
0.73
Starting a Business 90 82 down
8
86.07 85.99 up
0.08
Dealing with Construction Permits 139 136 down
3
61.47 61.42 up
0.05
Getting Electricity 162 160 down
2
44.51 44.09 up
0.42
Registering Property 142 152 up
10
49.60 47.49 up
2.11
Getting Credit 139 134 down
5
30.00 30.00
-
Protecting Minority Investors 137 136 down
1
41.67 41.67
-
Paying Taxes 174 180 up
6
43.70 35.95 up
7.75
Trading across Borders 130 125 down
5
60.85 60.85
-
Enforcing Contracts 144 144
-
48.15 48.15
-
Resolving Insolvency 101 86 down
15
40.74 43.85 down
3.11

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 90

DB 2016 Rank: 82

Change in Rank: down8

DB 2017 DTF (% points): 86.07

DB 2016 DTF (% points): 85.99

Change in DTF (% points): up0.08

Standardized Company
Legal form: Société à Responsabilité Limitée (SARL) - Limited Liability Company
Paid-in minimum capital requirement: XOF 25,000
City: Dakar
Indicator Senegal Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 4.0 7.8 4.8
Time – Men (days) info_outline 6.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 62.7 54.0 3.1
Procedure – Women (number) info_outline 4.0 7.9 4.8
Time – Women (days) info_outline 6.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 62.7 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 4.7 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Deposit the founding capital with a bank

    Agency: Bank

    The company can deposit the founding capital with a bank directly (“compte de societe en formation”) or through a public notary. The account is liberated once the company is registered at the RCCM.
    1 day included in the following procedure
    2

    Check the company name

    Agency: Court

    The company can check the name availability at the Court.
    1 day no charge
    3

    Notarize company bylaws and bank deposit of subscribed capital

    Agency: Notary

    A public notary is required to notarize company bylaws and deposit subscribed capital at a bank. The procedure takes 3 days if the notary public prepares the articles of association and a day if notary only signs. The involvement of the notary is required.

    The statutes can be drafted either by notarial act or by any other act, provided that the authorized signatures are notarized. If by notarial act, the notary must (a) establish the statutes (if the promoter has not done so) and issue the declaration of conformity (déclaration de régularité et de conformité); and (b) register the statutes and declare the existence of the company with the tax authorities.

    The promoter may ask the notary to complete additional formalities, such as commercial registration at the court to obtain the company identification number (numéro d'identification national des entreprises et des associations, NINEA).

    In practice the estimates varied from XOF 200,000 to XOF 400,000. The cost varies here, because the fee varies depending on the services delivered.
    2 days XOF 200,000 -400,000
    4

    Register your business at the one-stop shop

    Agency: One stop-shop

    Since November 2007, entrepreneurs can register at the one-stop shop which takes care of what was formerly done in seven different procedures.

    Four of the procedures are taken care of by having the four relevant agencies dispatch one of their civil servants to the one-stop shop. This is:
    • The tax authority to register the bylaws;
    • The Commercial Registry (‘Registre du Commerce et du Credit Mobilier’ - RCCM) to register the company bylaws;
    • The NINEA to get a company identification number (‘Numéro d’Identification National des Entreprises et des Associations’); and,
    • The Labor authority to register workers and commencement of operation.

    They are all physically located in the same location and there is a timesheet kept by the coordinator of the one-stop shop that indicates the precise time with which every person in the room delivers the document.

    Another two procedures are handled by the one-stop shop, and these are:
    • Registration at the Social Security (‘Caisse de Securite Sociale’ - CSS);
    • Registration at the Pension Fund (‘Institut de Prevoyance Retraite’ - IPRES).

    These two agencies are not physically located inside the one-stop shop but are a few minutes away. What is done is that when a new file comes in, the coordinator of the one-stop shop sends the information about the application by email to these two agencies. He then phones them to make sure that they received the email. Later in the afternoon (or if it afternoon, the next day), the one-stop shop sends a courier to go and fetch the approved documents.

    Fees, for firms with a capital lower than 10,000,000 FCFA, the applicant needs to pay:
    • Registration fees: XOF 25,000 for the statutes
    • Court Registrar fees: XOF 30,000 if the capital is XOF 1 000 000 + XOF 90 for any other XOF 1,000,000 of capital.
    2 days XOF 25,000 + XOF 30,000 + XOF 90 for any other XOF 1,000,000 of share capital